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Nov 30, 2012
11/12
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stocks look exhausted after a week of fiscal cliff fueled volatility. the major indices swayed between positive and negative territory closing the day mixed. the dow eked out three points, three. while closing out the month of november down half a percent. >>> you know the global economy is in trouble when even taco bell and kfc have trouble making money, right? shares of their parent company yum! brands dove nearly 10% today. the company warned fourth quarter sales in china, their single best market, would likely slide. >>> u.s. consumer spending fell for the first time since may. the 0.2% decline in october partially being blamed on the impact of superstorm sandy. why not. >>> starting off tonight, taxes are the talk of the town and have been for daze. seems like much of the conversation is focused on the wealthy to get them to pay more. a new study by the tax foundation flips the argument over who really is paying their fair share on its head. the numbers show tax rate paid by individuals in income top 1%, was 23%. all filers in bottom 50%. paid 2%.
stocks look exhausted after a week of fiscal cliff fueled volatility. the major indices swayed between positive and negative territory closing the day mixed. the dow eked out three points, three. while closing out the month of november down half a percent. >>> you know the global economy is in trouble when even taco bell and kfc have trouble making money, right? shares of their parent company yum! brands dove nearly 10% today. the company warned fourth quarter sales in china, their...
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Dec 5, 2012
12/12
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right now we're talking about a possible fiscal cliff. we're not off the cliff. >> right. >> if it's january 2nd or 3rd and the stock market is going down by a couple thousand points around the world. the japanese markets, european countries, countries in europe which are precarious are in bigger trouble. the whole thing is going wacky, one guy is going to be standing in the middle of the storm, not grover norquist or some republican, but the president of the united states who has to weather the storm and point the finger across the aisle to someone nobody else in the world knows and says, speaker boehner, would you solve this problem? i'm not sure -- that's why i'm against you on this one. i think times have changed. >> economically the biggest risk is the sequestration. it's not the tax cuts going into effect. and -- >> you mean the millions of dollars -- >> the cuts that will be forced through in the next two years. that's a much bigger risk to the economy. >> therefore? >> therefore, if the president lets this thing -- look, the marke
right now we're talking about a possible fiscal cliff. we're not off the cliff. >> right. >> if it's january 2nd or 3rd and the stock market is going down by a couple thousand points around the world. the japanese markets, european countries, countries in europe which are precarious are in bigger trouble. the whole thing is going wacky, one guy is going to be standing in the middle of the storm, not grover norquist or some republican, but the president of the united states who has...
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Dec 4, 2012
12/12
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cliff standoff. he put his foot down on what is negotiable and what is not. >> we have to say the rates on the top 2% go up. and we're not going to get a deal without it. understand the reason for that. it's not me being stubborn. it's not me being partisan. it's just a matter of math. i'm happy to entertain other ideas the republicans may present, but we are not going to cut our way to prosperity or cut our way out of the deficit problem we have. >> so, are we on the verge of something big, something that could really change our politics? joining me now, senator barbara boxer, democrat from california and whip of the senate. thank you for being on the show. >> i love being on your show. thank you. >> if the gop agrees to tax increases, how important might that be in terms of showing they actually are capable of working with the president? >> you know, the way they raised the question, if they agree to tax increases, they claim they're willing to do these loop-hole closers but the difference here is
cliff standoff. he put his foot down on what is negotiable and what is not. >> we have to say the rates on the top 2% go up. and we're not going to get a deal without it. understand the reason for that. it's not me being stubborn. it's not me being partisan. it's just a matter of math. i'm happy to entertain other ideas the republicans may present, but we are not going to cut our way to prosperity or cut our way out of the deficit problem we have. >> so, are we on the verge of...
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tracy: we will pop some champagne when the fiscal cliff is solved but sales of luxury items falling by nearly 5% in the first we three-quarters of this year as economic woes in europe and the u.s. have caused many to shy away from expensive tastes. campaignmakers attempted to offset the decline with price hikes but the industry is only forecasting growth of just over 1% in the next three years. fear not, new year's is from a corner and a lot of people by the bubbly but there's a replacement sector going on with people drinking the poor man's champagne, a lot of whining drinkers out there. ashley: we are doing our best to rectify the situation. liz claman will be taking us through the last hour of trading. she has the guy who used to run $110 billion pension fund, stephen leblanc is in the private sector. find out why he is placing big bets on commercial real-estate in texas. count down to the closing bell is next. [ male announcer ] this is steve. he loves risk. but whether he's climbg everest, scuba diving the great barrier reef with sharks or jumping into the m marke he goes with peo
tracy: we will pop some champagne when the fiscal cliff is solved but sales of luxury items falling by nearly 5% in the first we three-quarters of this year as economic woes in europe and the u.s. have caused many to shy away from expensive tastes. campaignmakers attempted to offset the decline with price hikes but the industry is only forecasting growth of just over 1% in the next three years. fear not, new year's is from a corner and a lot of people by the bubbly but there's a replacement...
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Dec 4, 2012
12/12
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CNBC
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a best-selling author and a top expert on negotiations breaks down the current fiscal cliff talks. is there a method behind what appears to be political madness? in advance of friday's jobs report, a surprising new look about what kind of companies are actually creating new jobs in this economy? we'll have some of the best job creators next hour. and, three things you need to understand about the new facebook messaging announcement. join us on "power." back to scott. >>> we'll see you in about 15 minutes. sometimes it's tough to buy the losers and sell the winners. you know that. let's play a little hold them or fold them, what stocks have made big moves of late. marathon petroleum up more than 78% year to date. joe, hold them or fold them? >> absolutely hold them. you're talking about a mid continent refiner here. secular momentum, clearly a strategy here like rg3 with your redskins, the game has changed and it's changed for years. >> all right. dish network, the stock five-year high, 45% move this year. hold them, fold them? >> i'm folding. i like the cable. not just because of c
a best-selling author and a top expert on negotiations breaks down the current fiscal cliff talks. is there a method behind what appears to be political madness? in advance of friday's jobs report, a surprising new look about what kind of companies are actually creating new jobs in this economy? we'll have some of the best job creators next hour. and, three things you need to understand about the new facebook messaging announcement. join us on "power." back to scott. >>>...
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concern over the fiscal cliff bleeding into the u.s. manufacturing sector. factory activity in november declined for the first time in three months. the news weighted down stocks helping shed 59 points off the dow. the raw materials sector hit hard by the contraction in manufacturing. shares of dupont were the biggest loser closing down 2%. dell getting golden endorsement from goldman sachs today. the investment bank upgraded the struggling computer-maker saying the stock has been oversold. the dell shares rose by 4% over that news. to our top story tonight, speaker boehner and house republicans are rolling out their fiscal cliff counteroffer to the white house. includes $800 billion in new tax revenue. that is roughly half what the president was aiming for. 300 billion in discretionary spending cuts. 900 billion in mandatory spending cuts. now the white house responding just moments ago saying quote, the republican letter released today does not meet the test of balance. they don't like it. i'm joined by dan mitch chill from the cato institute for more on t
concern over the fiscal cliff bleeding into the u.s. manufacturing sector. factory activity in november declined for the first time in three months. the news weighted down stocks helping shed 59 points off the dow. the raw materials sector hit hard by the contraction in manufacturing. shares of dupont were the biggest loser closing down 2%. dell getting golden endorsement from goldman sachs today. the investment bank upgraded the struggling computer-maker saying the stock has been oversold. the...
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american helicopters firing down, no americans were killed. >>> a fierce battle to avoid the fiscal cliff took a new turn today. treasury secretary tim geithner making a bold prediction that the republicans will go along with a tax hike for the healthy. but it certainly didn't sound that way on the other side. what is at stake for the average american family? with 30 days to go until the deadline? david kerley at the white house tonight. >> reporter: president obama and his white house team appear confident with the stronger hand in talks with house republicans, demanding and believing tax rates for the wealthy are going up. >> there is no responsible way we can govern the country with those low rates in place for future generations. those rates are going to have to go up. >> i was flabbergasted. i look at him and i said, you can't be serious. >> reporter: the two sides are seriously far apart. the president wants $1.6 billion in new tax revenue over ten years. the speaker wants half that. the president wants spending cuts, $600 billion. to medicare and other programs. not enough, says th
american helicopters firing down, no americans were killed. >>> a fierce battle to avoid the fiscal cliff took a new turn today. treasury secretary tim geithner making a bold prediction that the republicans will go along with a tax hike for the healthy. but it certainly didn't sound that way on the other side. what is at stake for the average american family? with 30 days to go until the deadline? david kerley at the white house tonight. >> reporter: president obama and his white...
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Dec 7, 2012
12/12
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at least under the fiscal cliff we have some mandatory cut, albeit us proportionately to defense spending. but it's better than accepting obama's terms crammed down our throat. boehner needs to get a told of this pr machine and paint obama as the one who is holding the country hostage. he wants to talk about holding the middle class hostage. no, it's him holding the entire country hostage and our kids hostage to his reckless spending and cynical refusal to enter the entitlement reform game. >> i don't even want to hear more about taxes. juan, shaking your head. >> i hear you, gentlemen. you guys are wonderful. merry christmas. but sean you said hyperpartisanship, and david talks about inflexibility. you know, and i'm thinking to myself, gee, where have i seen this before? i see it on the republican side, and i think most of the american people when you look he about policy, i'm not just -- >> tell me where obama is giving in this debate at all. he said he wanted to find a middle ground. where has he reached out to republicans? can you tell me. >> sure, i'm going to do it on your terms. he
at least under the fiscal cliff we have some mandatory cut, albeit us proportionately to defense spending. but it's better than accepting obama's terms crammed down our throat. boehner needs to get a told of this pr machine and paint obama as the one who is holding the country hostage. he wants to talk about holding the middle class hostage. no, it's him holding the entire country hostage and our kids hostage to his reckless spending and cynical refusal to enter the entitlement reform game....
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Dec 3, 2012
12/12
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we need to deal with the fiscal cliff. have a credible down payment on the tax and spending side. bridge to a grand bargain next year. the fiscal cliff is the symptom. structural deficit is the disease. we need to learn from australia, canada, new zealand, sweden. we need to do it next year. >> all right. >> get dr. dave to washington right away so that we avoid what cramer on "meet the press" this weekend had great line. he said on january 8th when the reporting starts, there will be a foot race to fire people if we don't get this cliff taken care of which is why if we're going over the
we need to deal with the fiscal cliff. have a credible down payment on the tax and spending side. bridge to a grand bargain next year. the fiscal cliff is the symptom. structural deficit is the disease. we need to learn from australia, canada, new zealand, sweden. we need to do it next year. >> all right. >> get dr. dave to washington right away so that we avoid what cramer on "meet the press" this weekend had great line. he said on january 8th when the reporting starts,...
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lou: the fiscal cliff and now a new ultimatum on the national debt ceiling. you suppose this is the last condition? >> it's going to be a wild couple of months, maybe everybody thought with the election over, there was going to be peace and figure all of this out, but i think we're just at the beginning of a long protractive battle, lou. lou: more on the stalemate of the fiscal cliff, the impasse, and tell us what you think about the so-called negotiations. vote in tonight's online poll. do you agree president obama's ultimatum on higher taxes are actually the cause? make him responsible for driving us off the fiscal cliff? go to our to be page at facebook facebook.com/loudobbs. we'll have results at the end. chris and steven joining us here next to address that question and more. ♪ ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now through december 31st. [ santa ] ho, ho, ho! [ malennouncer ] lease a 2013 e350 f $579 a month at your local mercedes-benz dealer. lou:
lou: the fiscal cliff and now a new ultimatum on the national debt ceiling. you suppose this is the last condition? >> it's going to be a wild couple of months, maybe everybody thought with the election over, there was going to be peace and figure all of this out, but i think we're just at the beginning of a long protractive battle, lou. lou: more on the stalemate of the fiscal cliff, the impasse, and tell us what you think about the so-called negotiations. vote in tonight's online poll....
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connell: sending the two-party over the fiscal cliff. a number of conservatives that say the president is getting offered too much. dagen: walt has his review. there are some things he says you need to know about. the u.s. economy added 111,000 private sector jobs according to adp. a bit weaker than expected. because of impacts from hurricane sandy. the bank saying it is looking for ways to cut expenses. those cuts amount to 4% of the companies workforce and is estimated to save $1.1 billion every year. stocks now and every 15 minutes. nicole petallides. nicole: we are looking at a market that is to the downside. let's take a look at citigroup. it is about 4% of the workforce. citigroup is higher. it has had an up arrow throughout the day today. we saw the dow jones industrials this week to the downside. we had two consecutive days in selling. down arrows for the nasdaq. down 1.1%. connell: breaking news out of washington. earlier, speaker boehner speaking about the fiscal cliff. now it is president obama. let's listen. >> we have emerge
connell: sending the two-party over the fiscal cliff. a number of conservatives that say the president is getting offered too much. dagen: walt has his review. there are some things he says you need to know about. the u.s. economy added 111,000 private sector jobs according to adp. a bit weaker than expected. because of impacts from hurricane sandy. the bank saying it is looking for ways to cut expenses. those cuts amount to 4% of the companies workforce and is estimated to save $1.1 billion...
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i think that the ramifications of the fiscal cliff, um, will be important. i'm optimistic that we're going to get some leadership in washington that'll actually save us from having to go off that cliff or down that hill, if you will. but i think we are -- there's uncertainty. and whenever there's uncertainty, the market will have less volume in it. liz: tom kloet, good to see you. >> thanks for having me. liz: ceo of the tmx group. david: a u.s. plant right in the heart of canada. they don't realize it yet. [laughter] good to see you. >> thank you. david: well, is now the time to buy apple? a morningstar senior equity analyst thinks so and says some of the blame for the recent decline should fall on washington. why? find out why, coming next. liz: plus, choice hotels expanding its upscale brand right here in america. they must believe that there's a real market here. find out why they're starting three brand new upscale ones at least here in new york. steve joyce, choice hotels ceo and president, joining us after the break. ♪ music is a universal language.
i think that the ramifications of the fiscal cliff, um, will be important. i'm optimistic that we're going to get some leadership in washington that'll actually save us from having to go off that cliff or down that hill, if you will. but i think we are -- there's uncertainty. and whenever there's uncertainty, the market will have less volume in it. liz: tom kloet, good to see you. >> thanks for having me. liz: ceo of the tmx group. david: a u.s. plant right in the heart of canada. they...
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Nov 29, 2012
11/12
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cliff is on the way. possibly in time for santa. i asked republican john cornyn whether he thinks that is a reality. >>> and governor romney sits down with the president since the election, actually since the debates. does this do either of them any good? rick santorum is outfront. and julian assange is outfront to answer critics and our questions tonight. let's go "outfront." >>> good evening, everyone. i'm erin burnett, outfront tonight, an early christmas miracle. or at least the glimmer of one today. barack obama bringing glad tidings of great joy to avoid the fiscal cliff. >> my hope is to get this done before christmas. i will go anywhere and do anything it takes to get this done. it's too important for washington to screw this up. >> and john boehner, not to be outdone, put a little early present under the tree too. >> i'm optimistic that we can continue to work together to avert this crisis and sooner rather than later. >> these are pretty glum faces to deliver those presents. no smile from either
cliff is on the way. possibly in time for santa. i asked republican john cornyn whether he thinks that is a reality. >>> and governor romney sits down with the president since the election, actually since the debates. does this do either of them any good? rick santorum is outfront. and julian assange is outfront to answer critics and our questions tonight. let's go "outfront." >>> good evening, everyone. i'm erin burnett, outfront tonight, an early christmas miracle....
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Nov 29, 2012
11/12
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let us go over the fiscal cliff is necessary. keep sharing your thoughts with us on facebook and on twitter. one of the richest men in america is getting a free lunch at the white house. find out what mitt romney could bring to the table and the white house wants him to. we are right back. >>> welcome back to "the ed show." kevin mccarthy has a movie night. he will be hosting a screening of the movie "lincoln" steven spielberg's portrayal of the republican party's most honored president. last year during the debt ceiling debate on capitol hill, mccarthy tried to rally republicans behind john boehner's plan with this clip from the town. >> i need your help. i can't tell you what it is. you can never ask me about it later. we are going to hurt some people. >> whose car are we going to take? >> if you haven't seen the movie, two characters go to beat up a guy. mccarthy showed a clip where a thief emphasized not asking questions in a situation where people were going to get hurt. mccarthy also organized the republican screening of mo
let us go over the fiscal cliff is necessary. keep sharing your thoughts with us on facebook and on twitter. one of the richest men in america is getting a free lunch at the white house. find out what mitt romney could bring to the table and the white house wants him to. we are right back. >>> welcome back to "the ed show." kevin mccarthy has a movie night. he will be hosting a screening of the movie "lincoln" steven spielberg's portrayal of the republican party's...
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Dec 5, 2012
12/12
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as john boehner fights over the fiscal cliff with democrats and the president, he is cracking down now on some house conservatives that he thinks are a bit too free spirited. john boehner kicked two republicans off the house budget committee. he got rid of another two on the financial services committee. all four voted against the 2011 debt ceiling deal. the two on the budget committee voted against paul ryan's budget. the chairman of the budget committee. speaker boehner issued these punishments with the full support of the republican leadership including the majority leader eric cantor and majority whip kevin mccarthy. jonathan capehart, this is fascinating. i am interpreting this as a positive thing for president obama and the democrats in an attempt to at some point either before or after going off the cliff, reaching some kind of deal with boehner. what boehner's message seems to be to these conservatives willing to vote for something because it is not conservative enough. i need better team players if i'm going to walk back from the white house with a deal. i need your vote on it
as john boehner fights over the fiscal cliff with democrats and the president, he is cracking down now on some house conservatives that he thinks are a bit too free spirited. john boehner kicked two republicans off the house budget committee. he got rid of another two on the financial services committee. all four voted against the 2011 debt ceiling deal. the two on the budget committee voted against paul ryan's budget. the chairman of the budget committee. speaker boehner issued these...
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Dec 4, 2012
12/12
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cliff. last week it was the democrats who came forward with a proposal, but it was a nonstarter for the republicans. too many tax increases. now the republicans have sent over a deal and still no meeting of the minds. you guessed it, not enough tax increases. here we go again. the deal does offer up $600 billion in save frtion medicare reform and other spending cuts and it also suggests raising $800 billion in revenue through tax reform instead of increases, but it just will not budge on raising those taxes on the wealthiest 2% of americans. and that is why democrats aren't budging. >> we're glad to finally see republicans joining in the negotiating process instead of watching from the sidelines, but while their proposal may be serious, it's also a nonstarter. they know any agreement that raises taxes on the middle class to protect unnecessary giveaways to the top 2% is doomed from the start. it won't pass. democrats won't agree to it, president obama wouldn't sign such a bill, and the ameri
cliff. last week it was the democrats who came forward with a proposal, but it was a nonstarter for the republicans. too many tax increases. now the republicans have sent over a deal and still no meeting of the minds. you guessed it, not enough tax increases. here we go again. the deal does offer up $600 billion in save frtion medicare reform and other spending cuts and it also suggests raising $800 billion in revenue through tax reform instead of increases, but it just will not budge on...
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Nov 30, 2012
11/12
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it is more a fiscal mole hill next year than a fiscal cliff. but offsetting that is an economy which is firing on many more cylinders than it was a year ago. employment rate's coming down. bank lending rising, housing activity going up, confidence is down, debt burdens are down. in addition there is a lot of stimulus. money supply is growing rapidly. record low mortgage rates. we have the dollar down. we got gas prices falling at the pump for the holiday season. we've got inflation decelerating from where it was helping real incomes. i'm seeing a lot of evidence of china showing signs of new acceleration. we might get the emerging world doing better next year. we've certainly calmed down concerns about the eurozone. so i think there's a real case that we grow 3%, the emerging world picks up, and the valuation on equities rises -- >> even if we don't get a deal in taxes? we hear that the average family will pay $1,200 more in taxes over the year and it is going to doom the economy. it's instant recession. >> well, there's no doubt if we have com
it is more a fiscal mole hill next year than a fiscal cliff. but offsetting that is an economy which is firing on many more cylinders than it was a year ago. employment rate's coming down. bank lending rising, housing activity going up, confidence is down, debt burdens are down. in addition there is a lot of stimulus. money supply is growing rapidly. record low mortgage rates. we have the dollar down. we got gas prices falling at the pump for the holiday season. we've got inflation decelerating...
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Nov 29, 2012
11/12
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we could just go over the fiscal cliff. >>> much more on the fiscal cliff ahead including tips from one high earning advisor on what moves to make down. tracy: how could student loans turn into a multibillion-dollar problem for taxpayers like all of us? >>> as we do every time at this time of day, we do something every day. what she said. hey, let's look at oil. it is up $1.71. $88.19 a barrel. we'll be right back. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list y're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 50 for $349 a month at your local mercedes-benz dealer. tracy: we're having fun already with charles payne. he is here talking superstorm sandy. unfortunately it landed hundreds of thousands of vehicles in the scrap heap. we'll look at growing demand for used cars. one of the country's biggestest dealers, charles. >> carmax got upgrade from goldman. i hate chasing goldman. they upgraded research in motion. ashley: i was going to say that. >> there is a
we could just go over the fiscal cliff. >>> much more on the fiscal cliff ahead including tips from one high earning advisor on what moves to make down. tracy: how could student loans turn into a multibillion-dollar problem for taxpayers like all of us? >>> as we do every time at this time of day, we do something every day. what she said. hey, let's look at oil. it is up $1.71. $88.19 a barrel. we'll be right back. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the...
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Dec 6, 2012
12/12
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CSPAN
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cliff expire, go down the fiscal cliff for tax rates, and adjust the taxes for the 98% through the rebate process. and this could be available for anyone, any president. let the bush tax rates apply as a ceiling, and then apply the rebate process to control the 98%. host: why do you propose that? what is the advantage in your view? caller: because the executive branch, the president, whoever it is, would have the ability to adjust the tax effectively for anyone who falls below the clintons' ceiling, and they could do this anytime. there would not have to go back to congress. -- they would not have to go back to congress. guest: it is true that technically the administration can do some things without even the congress's approval, but it would not be a lasting solution. let's say you could freeze the amount of withholding that you pay three paycheck at the level it was this year, for the 98%, and increase withholdings for everyone else as the law would dictate if you read over the cliff. -- went over the cliff. but the 98%, if they did not actually pass a law to extend the tax cuts for tha
cliff expire, go down the fiscal cliff for tax rates, and adjust the taxes for the 98% through the rebate process. and this could be available for anyone, any president. let the bush tax rates apply as a ceiling, and then apply the rebate process to control the 98%. host: why do you propose that? what is the advantage in your view? caller: because the executive branch, the president, whoever it is, would have the ability to adjust the tax effectively for anyone who falls below the clintons'...
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it is because of the fiscal cliff, not because of the fiscal cliff, the fiscal clip could be play no role in this whatsoever. move on. fory's 30 mortgage rate rising to 3.34% and senator jim demint beating the senate to lead the heritage foundation. back in a moment. i ed to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares bylackrock. call 1-800-ishes for a prosctus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. every human being is unique. and there is one store that recognizes it. the sleep nuer store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive collection of innovations that totally individualize your sleep. perfectly comfortable pillows that adjust to your size and shape. temperature-balancing bedding. dual warmth comforter
it is because of the fiscal cliff, not because of the fiscal cliff, the fiscal clip could be play no role in this whatsoever. move on. fory's 30 mortgage rate rising to 3.34% and senator jim demint beating the senate to lead the heritage foundation. back in a moment. i ed to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their...
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Dec 5, 2012
12/12
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. >> for what, the fiscal cliff or the fiscal abyss? >> for both. >> for both. >> so that a down payment -- a compromise down payment on approximately $4 trillion. i think when you pull it apart, you have about a trillion dollars in discretionary spending that has mostly been agreed upon and you have taxes and the entitlements, the mandatory. >> the entitlements are the sticking point. whoa. did you see that? you think that's funny? >> set that up for you. >> you think that's funny, mac? you do this? look at this. this is booby trapped, man. it won't stay up. which can really be a problem. you can laugh at that. it's okay. nobody's watching. it's 6:00 a.m. that got you going. >> when you look through, i guess the devil is in the details in terms of what you're looking at in spending, cuts, entitlement cuts and with the tax increases, and you're right, both sides have put a plan on the table. they're pretty far apart, but at least now you know there's some framework for how you get to the middle. what do you think, 1.2 trillion in tax in
. >> for what, the fiscal cliff or the fiscal abyss? >> for both. >> for both. >> so that a down payment -- a compromise down payment on approximately $4 trillion. i think when you pull it apart, you have about a trillion dollars in discretionary spending that has mostly been agreed upon and you have taxes and the entitlements, the mandatory. >> the entitlements are the sticking point. whoa. did you see that? you think that's funny? >> set that up for you....
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Nov 30, 2012
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the obama administration's fiscal cliff is apparently hysterically bad, but senator mitch mcconnell burst into laughter upon hearing this. we'll sort through the plan. plus a lesson from president ronald reagan on why republicans should be hesitant to take the president and the democrats at their word when it comes to any deal. and why is dianne feinstein exploring of possibility of housing gitmo terrorists in a neighborhood near you? we'll examine the likelihood of this nutty proposal. with the spark cash card from capital one, olaf gets great rewards for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? [ male announcer ] jill and her mouth have lived a great life. but she has some dental issues she's not happy about. so i introduced
the obama administration's fiscal cliff is apparently hysterically bad, but senator mitch mcconnell burst into laughter upon hearing this. we'll sort through the plan. plus a lesson from president ronald reagan on why republicans should be hesitant to take the president and the democrats at their word when it comes to any deal. and why is dianne feinstein exploring of possibility of housing gitmo terrorists in a neighborhood near you? we'll examine the likelihood of this nutty proposal. with...
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Dec 1, 2012
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. >>> plus, at the end of the day this fiscal cliff debate will come down to two men. the speaker of the house and the president of the united states dealing one-on-one. we will go behind closed doors and into the war room. you are watching msnbc, the place for politics. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ >>> we are watching a developing story in kansas city, missouri, right now. this is what police say appears to be a murder/suicide involving a 25-year-old nfl play
. >>> plus, at the end of the day this fiscal cliff debate will come down to two men. the speaker of the house and the president of the united states dealing one-on-one. we will go behind closed doors and into the war room. you are watching msnbc, the place for politics. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my...
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Dec 4, 2012
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you're worried about what happens if we go over the fiscal cliff. play out the scenario for how things would go down if we actually do move past january 1 without an agreement. >> if you get lots of economist projections, you'll see the general view is the economy would have negative growth or a couple percentage points, whatever it is. near term recession impact. and that nt would be good to the economy because it's been moving its way out. what's really after people is will we be serious about fixing the long term problems of america's fiscal situation. basically having more revenue and less expenses so we can get the thing more if line. and that's pre-occupying people because they're worried about the longer term issue. if this doesn't move forward with a solution that actually starts to layout the ground work for the long term issues, it could be potentially disappointing. >> ceos say they have to lay out their plans for what they're planning on doing in january and they have to move forward with the plan that has an assumption that we don't get
you're worried about what happens if we go over the fiscal cliff. play out the scenario for how things would go down if we actually do move past january 1 without an agreement. >> if you get lots of economist projections, you'll see the general view is the economy would have negative growth or a couple percentage points, whatever it is. near term recession impact. and that nt would be good to the economy because it's been moving its way out. what's really after people is will we be...
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Dec 3, 2012
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you they are president and a lot of people down in washington saying they don't want to go off the fiscal cliff. as far as grover norquist notices, i don't think republicans should be caving to a special interest of one, frankly. we do see some brave republicans coming out there and they should be supported because they are about finding a solution. >> i want to show this tomb the president playing golf with former president bill clinton. how much do you think fiscal cliff was coming up during their golf rounds? >> i'm sure they talked about it because president clinton is a political wonk. what bill clinton showed during his presidency is that there's a way to show common ground with republicans who hate you. they impeached bill clinton but made a deal. they made a deal that was nor the right of where most democrats are. this president has a unique opportunity to make a deal for more towards his left. remember dick cheney said to -- speaking of sequels. remember when dick cheney said you got the high approval ratings you can spend them on the iraq war. republicans what they want is the p
you they are president and a lot of people down in washington saying they don't want to go off the fiscal cliff. as far as grover norquist notices, i don't think republicans should be caving to a special interest of one, frankly. we do see some brave republicans coming out there and they should be supported because they are about finding a solution. >> i want to show this tomb the president playing golf with former president bill clinton. how much do you think fiscal cliff was coming up...
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Dec 4, 2012
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caller: looking at the fiscal cliff, we go back to 2001 with the lowering of the tax rates, meant to create jobs. but in the past 10 or 11 years, we have not had any job creation whatsoever. we keep going back and hearing over and over again that it's going to cost jobs. we do not have jobs to begin with. businesses are out to make money. if consumers do not have money to spend, then you can lower their taxes to 0%. they still cannot spend because they do not have any income. guest: i think that is a great point. it brings up one thing we have not mentioned yet. the payroll tax cut is about to expire. if that expires, every paycheck in the country is going to go down about $1,000 on january 1st. that would hurt consumption. it would hurt the customers of businesses. the president has proposed to extend that. i think that is reasonable. we will see a firm public and keep up their opposition or they give in. we have a sleeper here that cannot be ignored. if we do not extend that, every paycheck in the country is going to go down. guest: i agree. we should extend that for another year.
caller: looking at the fiscal cliff, we go back to 2001 with the lowering of the tax rates, meant to create jobs. but in the past 10 or 11 years, we have not had any job creation whatsoever. we keep going back and hearing over and over again that it's going to cost jobs. we do not have jobs to begin with. businesses are out to make money. if consumers do not have money to spend, then you can lower their taxes to 0%. they still cannot spend because they do not have any income. guest: i think...
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Dec 4, 2012
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thank you very much. >>> the market does remain laser focused on the fiscal cliff, with just 27 days to go and less for the official congressional session. president obama and john boehner making comments on the issue a short time ago and according to our deal meter, there it is, still only a quarter of the way there. we have got all sides of this story covered. john harwood live at the white house. eamon javers on capitol hill and the president's comments. >> the president gave an interview to our colleagues at bloomberg and said a couple of things. first of all, his priorities now trying to break republicans in their resistance to raising the top rate by some amount, a stance republicans have been consistent on. more revenue, question, not higher rates, he is insisting on that as the price of negotiating with him. and he said the reason for that is if you take all of what can be raised in revenue from deductions that is politically realistic, not trying to take away the mortgage deduction in the face of tremendous resistance from consumers and the housing industry, you can only rai
thank you very much. >>> the market does remain laser focused on the fiscal cliff, with just 27 days to go and less for the official congressional session. president obama and john boehner making comments on the issue a short time ago and according to our deal meter, there it is, still only a quarter of the way there. we have got all sides of this story covered. john harwood live at the white house. eamon javers on capitol hill and the president's comments. >> the president gave...
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Dec 3, 2012
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cliff. this morning at least one republican is saying it's looking more like that's going to happen. after the plan laid out by the white house. >>> and she helped care for more than 140 children whose parents are behind bars in nepal. now she's got a new title. cnn hero of the year. cnn hero of the year. "newsroom" starting now. -- captions by vitac -- www.vitac.com >>> good morning. thank you so much for joining me. i'm carol costello. concern this morning that a young woman's death will be overshadowed by fame. by now, even if you're not a football fan, you know the name jovan belcher. you know he killed the mother of his child and then committed suicide. but what do we know about his girlfriend? his partner? the mother of his child, kasandra perkins? according to the kansas city star perkins and belcher were madly in love but argued of late. the star added many people knew that belcher owned guns and enjoyed shooting but they'd never known him to be violent. not even close. nbc's bob cos
cliff. this morning at least one republican is saying it's looking more like that's going to happen. after the plan laid out by the white house. >>> and she helped care for more than 140 children whose parents are behind bars in nepal. now she's got a new title. cnn hero of the year. cnn hero of the year. "newsroom" starting now. -- captions by vitac -- www.vitac.com >>> good morning. thank you so much for joining me. i'm carol costello. concern this morning that a...
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Dec 3, 2012
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looming fiscal cliff. house minority leader nets deposing wants to vote. - vote nancy pelosi . >> with a so-called fiscal cliff and higher taxes for all americans looming. >> right now i will say we are nowhere. >> the house speaker blamed the stalemate on the obama administration. he said they are not taking republicans seriously with plans to close loopholes and limited deductions without raising taxes. >> off the president may disagree but the fact is if there is a another way to get revenue from upper income americans that does not hurt our economy why would we not consider it. >> the president wants to in the bush era tax cuts for people making more than a quarter of a million dollars per year. the average middle-class public to pay about 2000 a year more in taxes. >> there is no reason why 98 percent of americans have to see their taxes go up because some members of congress on the republican side want to block tax rate increases for 2 percent of the most wealthy americans. >> nancy pelosi pushing fo
looming fiscal cliff. house minority leader nets deposing wants to vote. - vote nancy pelosi . >> with a so-called fiscal cliff and higher taxes for all americans looming. >> right now i will say we are nowhere. >> the house speaker blamed the stalemate on the obama administration. he said they are not taking republicans seriously with plans to close loopholes and limited deductions without raising taxes. >> off the president may disagree but the fact is if there is a...
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Dec 4, 2012
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we face a fiscal cliff. there are some in this chamber who have said, oh, we need to go off of it. we'll go off of it. we'll pay the price and then we'll finally sit down and do what's right. i would, with all due respect, say that's pretty stupid. >> that was some blunt talk from my next guest, republican senator from georgia, johnny isaacson. that was two and a half weeks ago. the more things change, the more they stay the same. both the president and house republicans have offered their own solutions to the fiscal cliff. but we're no closer to a deal. joining me now is senator isa isaacson. good morning, senator isaacson. i assume you stand by what you said just two weeks ago. so let me ask you this. the initial offer by speaker boehner, is it fair to say -- is it fair that the white house is calling it an unserious offer since it doesn't do anything on tax rates? >> no, i dent think so at all. i think it's more reflective of a simpson-bowles. it's a first step. i made a living selling houses for 33 years. i don't get people together until they finally sit down 0 at the table an
we face a fiscal cliff. there are some in this chamber who have said, oh, we need to go off of it. we'll go off of it. we'll pay the price and then we'll finally sit down and do what's right. i would, with all due respect, say that's pretty stupid. >> that was some blunt talk from my next guest, republican senator from georgia, johnny isaacson. that was two and a half weeks ago. the more things change, the more they stay the same. both the president and house republicans have offered...
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Nov 30, 2012
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. >> in the terms of averting the fiscal cliff, almost every major negotiation and battle as come down to president obama and house speaker john boehner. do you think it helps or hurts that key lawmakers like yourself seem to be left out of this deal making? >> well, i'm in constant consultation with secretary geithner, with the white house, and meeting with congress, and the chairman of the house, meet with reed very off. there's a lot of conversations going on where i gave my views, and learn, and so there are more people involved. >> now this is really coming down to, as is no surprise, the issue of tax rates, will republicans agree to raising tax rates on the wealthy as president obama made clear. are you willing to go over the fiscal cliff if republicans do not agree that that? >> i think if there is no agreement whatsoever, the president has probably no choice but to say, okay, we're going to go over the cliff. that would no be my first preference. my first preference is that as we get closer to the cliff, that we find an agreement that makes some sense, so we don't have to go ov
. >> in the terms of averting the fiscal cliff, almost every major negotiation and battle as come down to president obama and house speaker john boehner. do you think it helps or hurts that key lawmakers like yourself seem to be left out of this deal making? >> well, i'm in constant consultation with secretary geithner, with the white house, and meeting with congress, and the chairman of the house, meet with reed very off. there's a lot of conversations going on where i gave my...
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Dec 7, 2012
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. -- i do think we need to go over the fiscal cliff. host: here is the story from the "new york times" today. we are talking about the fiscal cliff negotiations and whether compromise or sticking to principles should be what members of congress and the president should do here. a couple of weets this morning. when leaders say -- when people say leaders should stick to their principles, they mean leaders should stick to my principles. a lot of columns this morning talking about this issue, the ongoing fiscal cliff negotiations. here is "the washington post." we are taking your thoughts on the issue. but gutted the independent line. welcome to the "washington journal." caller: i agree also with a caller on the democrat line. i agree with what he was referring to -- c-span changing a with bias. the issues, they did not talk about it. the ones who are behind it are the political parties. the industrial military complex host: if the country does off of the fiscal cliff, who do you think it's more of the blame on this? it is the president of
. -- i do think we need to go over the fiscal cliff. host: here is the story from the "new york times" today. we are talking about the fiscal cliff negotiations and whether compromise or sticking to principles should be what members of congress and the president should do here. a couple of weets this morning. when leaders say -- when people say leaders should stick to their principles, they mean leaders should stick to my principles. a lot of columns this morning talking about this...
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you could have a series of fiscal cliffs. i think that is the most likely occurrence. if you are going to ask members to take tough votes, make them take them on big things, not little things. host: the last call is from ronnie, independent. caller: i have a question this morning. i work for anheuser-busch for over 30 years. in october, they would stop taking out social security tax. that was in the late 1980's and early 1990's. all the sudden, they changed that. it did not matter whether you made $100,000 or $150,000. they kept taking the social security taxes. now this is no cap on social security. reagan signed a bill not to touch social security. what happened to all this money? every individual that were had a separate account. all of that money has to be established because the government was supposed to make interest to pay us back when we retired. guest: you are correct in the 1980's there were major changes the captain on the amount of income was lifted -- the cap on the amount of income was lifted. i think it is out about $109,000 right now. after that, if yo
you could have a series of fiscal cliffs. i think that is the most likely occurrence. if you are going to ask members to take tough votes, make them take them on big things, not little things. host: the last call is from ronnie, independent. caller: i have a question this morning. i work for anheuser-busch for over 30 years. in october, they would stop taking out social security tax. that was in the late 1980's and early 1990's. all the sudden, they changed that. it did not matter whether you...
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Dec 4, 2012
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i have been watching about the fiscal cliff for the last couple months or so. my problem is they're talking about cutting revenue and entitlements. when it came down to entitlements in the first place, i paid into social security for 30 years. i paid my money. it does not make any sense for you to cut my salary which is almost lower than $16,000 a year. i used to make $38,000. now down to $16,000 and i have to give up more? i do not think that is right. if they just do one thing, all the congressional people, all of the senate people and the people in washington, d.c., give back $10,000 from themselves. 2%. i think they can come up with almost a billion dollars right there. host: ted, what do you think? caller: good morning. i believe that several of the callers today saying that the government should be run like a household. [indiscernible] they need to be able to do that to keep the economy going. programs like medicare, why they are paid into by people throughout their lives, they need to have oversight in order to keep them leaner. i work with medicare a lo
i have been watching about the fiscal cliff for the last couple months or so. my problem is they're talking about cutting revenue and entitlements. when it came down to entitlements in the first place, i paid into social security for 30 years. i paid my money. it does not make any sense for you to cut my salary which is almost lower than $16,000 a year. i used to make $38,000. now down to $16,000 and i have to give up more? i do not think that is right. if they just do one thing, all the...
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Dec 1, 2012
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we don't want to go over the fiscal cliff. that's crazy for our country. let's get these as i said extend the tax cuts for those under $250,000. let's agree on a down payment. let's get not only the predictability on the tax code for 98% of americans but also get the automatic across the board cuts off the table for next year. then allow our committees to go to work to bring in the additional savings that we need. i think we can get that blueprint done in the next couple of weeks. >> do you believe that, sir? because have you talked to your republican colleagues in the senate? i mean, do they have a point at which they believe is their we can't pass we cannot cross this line? do you think you're able to meet at least in the senate? >> i think so. i really do believe that the majority of the members of the senate want to get this done, want to get it done now. they want to get predictability to the 98% of taxpayers on their tax rates come january 1st. they want to get these across the board sequestration cuts off the table. they want to make a down payment
we don't want to go over the fiscal cliff. that's crazy for our country. let's get these as i said extend the tax cuts for those under $250,000. let's agree on a down payment. let's get not only the predictability on the tax code for 98% of americans but also get the automatic across the board cuts off the table for next year. then allow our committees to go to work to bring in the additional savings that we need. i think we can get that blueprint done in the next couple of weeks. >> do...
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Dec 1, 2012
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we went off the fiscal cliff when the president got reelected so now we are just bouncing down further and further ledge to ledge. but the thing is for him to say we're going to increase spending let me give away more money, are you kidding? have you gotten more solyndras you haven't thrown away? enough is enough. the leverage we have is the debt ceiling. i'm hoping our leadership is going to bring that to bear. >> many feel the leverage the president has he says look i want to cut taxes or keep taxes where they are for those making $250,000 or less. i want middle class taxes to stay low. but the republics, they won't let that happen. he comes forward with a 1.6 trillion though in new taxes in this new deal. what do you think of that deal and where are you willing to compromise in terms of revenues? >> well, the president we had two years ago basically said and i'm not sure who this one is but the one a couple years ago said it would be insane to raise taxes during a recession. we are still in the recession. we are still 8% basically in on unemployment. so for us to raise taxes. >> whe
we went off the fiscal cliff when the president got reelected so now we are just bouncing down further and further ledge to ledge. but the thing is for him to say we're going to increase spending let me give away more money, are you kidding? have you gotten more solyndras you haven't thrown away? enough is enough. the leverage we have is the debt ceiling. i'm hoping our leadership is going to bring that to bear. >> many feel the leverage the president has he says look i want to cut taxes...
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Nov 29, 2012
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talking medicare and medicaid, at some point it will come down to either fiscal cliff or we're going to have to make a deal, are you willing to go over the fiscal cliff or not have changes to medicare and medicaid? >> every single poll i have seen says do not cut social security or medicare and do away with corporate loopholes and ask the wealthy to start paying their fair share of taxes and look at excessive military spending. and, by the way, let's not forget, we have already in the last three years cut approximately $1.5 trillion in programs. this is not a hard, this is not a fiscal debate. this is a political debate, ceos from wall street, big money interest are there to protect their interests. they could care less about working class people and some of us want to defend the middle class. >> if nothing is done by congress, by now and the end of december, everyone's taxes are going to go up. >> that's why we've got to do something and that's why the republicans have to do exactly what we did in the senate which is to say we have to protect the bottom 98% of the american people. n
talking medicare and medicaid, at some point it will come down to either fiscal cliff or we're going to have to make a deal, are you willing to go over the fiscal cliff or not have changes to medicare and medicaid? >> every single poll i have seen says do not cut social security or medicare and do away with corporate loopholes and ask the wealthy to start paying their fair share of taxes and look at excessive military spending. and, by the way, let's not forget, we have already in the...
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Dec 5, 2012
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i don't think wall street is at all sanguine about the idea that if we went over the fiscal cliff, life would go on as we know it and everything would be fine. >> one of the things that was really interesting to me to bear out that point is ken conrad yesterday who's been so down, i mean, he's leaving the senate. he's done this for seven years. they can't produce deals. and yesterday when i interviewed him, joe, he said i think we're going to make this. i think the boehner offer had significant indicators that something here is going on, and they're going to come together. >> also, kent conrad, a guy -- i've loved him for a long time, deficit hawk. they haven't allowed him to put a budget out for years. he's growing frustrated. i'm sure he's going to be glad to leave. but i was surprised by that as well. you see also, sam stein, republicans are now starting to really bash boehner from the right. the president needs to take note. he needs to take note. >> give him some running room. >> i'm only saying this because you remember, we went through this with newt. you know, bill clinton would
i don't think wall street is at all sanguine about the idea that if we went over the fiscal cliff, life would go on as we know it and everything would be fine. >> one of the things that was really interesting to me to bear out that point is ken conrad yesterday who's been so down, i mean, he's leaving the senate. he's done this for seven years. they can't produce deals. and yesterday when i interviewed him, joe, he said i think we're going to make this. i think the boehner offer had...
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that we do not want to do. >> as we continue to move to solve the fiscal cliff problem, one thing we want to look at is make sure small business is ok. i had my first business when i was 19 years old -- a sandwich shop. listen to small businesses, look across there, they are the engine that makes the economy grow. today we will meet with individuals in the business community. next week, a small business coalition will talk to us on ways we can solve the fiscal cliff while the same time growing this economy. the goal of this republican majority is to solve the fiscal cliff once and for all and put us on a path to grow the economy. >> we are 34 days away from what would be the largest tax increase in american history, and the speaker boehner and the republicans have put forward a balanced plan that would prevent that from happening and not devastate our economy at a time when our economy continues to struggle and people are having a tough time finding work. we need to take action that will insure that small-business owners all across this country continue to be able to survive. many ha
that we do not want to do. >> as we continue to move to solve the fiscal cliff problem, one thing we want to look at is make sure small business is ok. i had my first business when i was 19 years old -- a sandwich shop. listen to small businesses, look across there, they are the engine that makes the economy grow. today we will meet with individuals in the business community. next week, a small business coalition will talk to us on ways we can solve the fiscal cliff while the same time...
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Dec 2, 2012
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mom and dad, to count down the days until the fiscal cliff until we fall off of it in 30-days. in legislative language they have two weeks to carve out a deal. republicans or democrats miles apart. >> two weeks because they take christmas off. congress does. >> starting the 149. -- 14th. >> they got canceled. >> congress never really shied away from vacation time. they get on planes and get out there. president obama is blaming the republicans for this stalled proposal right now. listen to the president. >> if congress does nothing eerie familiar -- every family will see income taxes go up at the beginning of next year. a typical middle class family of four will see income taxes rise by $2,200. it's unacceptable for some republicans in congress to hold middle class tax cuts in hostage because they refuse to let tax rates go up on the wealthiest americans. >> congressman ted o says he finds the president's suggestion to congress basically laughable, because the president, you will remember during the campaign the 800 billion number was thrown around for new taxes how much revenu
mom and dad, to count down the days until the fiscal cliff until we fall off of it in 30-days. in legislative language they have two weeks to carve out a deal. republicans or democrats miles apart. >> two weeks because they take christmas off. congress does. >> starting the 149. -- 14th. >> they got canceled. >> congress never really shied away from vacation time. they get on planes and get out there. president obama is blaming the republicans for this stalled proposal...
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Nov 30, 2012
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the american people want us to avoid the fiscal cliff with a balanced approach and they want us to do it right now. the average middle class family is stairing at a tax increase of $2200 come january 1. we're simply not going to let that happen. if it happens, it will be under the leadership of the speaker representative john boehner. we'll protect the middle class and there will be pain on both side, we know that. but to forge an agreement, we need to republicans to come forward with something. it's time to listen to the american people and that is a valid statement. the vast majority of independents support what the president sent to the republicans in the house. the vast majority of democrats support it. more than 40% of the republicans support this proposal. the republicans need to show us they can help lead this country. >> thanks. we can debate whether the november 6 election was a mandate but i don't think we can debate the basics that it was a work order from the american people to members of congress and to the president to work together and solve the problems. we got the mes
the american people want us to avoid the fiscal cliff with a balanced approach and they want us to do it right now. the average middle class family is stairing at a tax increase of $2200 come january 1. we're simply not going to let that happen. if it happens, it will be under the leadership of the speaker representative john boehner. we'll protect the middle class and there will be pain on both side, we know that. but to forge an agreement, we need to republicans to come forward with...
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count down to the edge. 29 days from the fiscal cliff and this is what republicans say about the white house's latest offer. >> flabbergasted. he can't be serious. >> gretchen: but treasury secretary tim geithner says republicans need to make the next move. he's straight ahead. >> gretchen: nfl player murders his girlfriend, kills himself. so what does bob costa say during half time? call for a moment of silence perhaps? no, he pushes for gun control. is that really appropriate? >> steve: that's what he did. sibling rivalry starts in the womb and, ladies and gentlemen there, is proof. the sonogram. that's the first round. twins fighting? can you believe it? that's okay. "fox & friends" hour two for monday starts right now. >> brian: can i lean over now? >> steve: yeah, go ahead. >> steve: that is an extraordinary picture. >> gretchen: it is extraordinary because could it be that the twins in the womb are going no, you move over! i want more food out of that umbilical colored. >> brian: the one thing about that uterus, it's tight in will. >> gretchen: i'm glad you're the expert on uteru
count down to the edge. 29 days from the fiscal cliff and this is what republicans say about the white house's latest offer. >> flabbergasted. he can't be serious. >> gretchen: but treasury secretary tim geithner says republicans need to make the next move. he's straight ahead. >> gretchen: nfl player murders his girlfriend, kills himself. so what does bob costa say during half time? call for a moment of silence perhaps? no, he pushes for gun control. is that really...
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Nov 29, 2012
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congress designed the fiscal cliff. i think probably senator thune from south dakota is making the most sense last night saying maybe we should kick the can down the road for six months instead of trying to rush it i'm not a fan of kicking the can down the road, that's what congress does. in this case, you have everyone scrambling, trying to examine the ramifications of the election. you have new people coming in. some of the people voting were thrown out of congress. why not wait until the 1st of the year. >> kicking the can, you look at markets today. you have global markets up. stock futures are up. the stock market was up yesterday because this whole idea of optimism from john boehner and the president that this could get done by the end of the year is something the world wants to see. you look at our polling. our polling shows, and the most recent poll from abc news/"washington post," 60% of people support raising tacks on incomes over $250,000 per year. isn't the argument of kicking the can down the road losing so
congress designed the fiscal cliff. i think probably senator thune from south dakota is making the most sense last night saying maybe we should kick the can down the road for six months instead of trying to rush it i'm not a fan of kicking the can down the road, that's what congress does. in this case, you have everyone scrambling, trying to examine the ramifications of the election. you have new people coming in. some of the people voting were thrown out of congress. why not wait until the 1st...
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Nov 29, 2012
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the going over the fiscal cliff is serious business and i'm here seriously trying to resolve it and i would hope the white house would get serious as well. paul? >> [inaudible]. >> well, we had a very nice conversation last night. it was direct. and straightforward. but this assessment i give you today would be a product of both of those conversations. >> how much are you open to the idea of discretionary spending cuts as part of a down payment to get to a longer range solution on entitlements? >> there are a lot of options on the table including that one. andrew. >> [inaudible]. >> the day after the election i came here and made it clear that republicans would put revenue on the table as a way to begin to move the process to get this resolved. >> [inaudible]. >> revenue is on the table but revenue was only on the table if there were serious spending cuts as part of this agreement. it has to be part of the agreement. we have a debt crisis! we're spending too much. while we're willing to put revenue on the table we have to recognize it's the spending that is out of control. >> roughly
the going over the fiscal cliff is serious business and i'm here seriously trying to resolve it and i would hope the white house would get serious as well. paul? >> [inaudible]. >> well, we had a very nice conversation last night. it was direct. and straightforward. but this assessment i give you today would be a product of both of those conversations. >> how much are you open to the idea of discretionary spending cuts as part of a down payment to get to a longer range...
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Dec 5, 2012
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the so-called fiscal cliff, it was widely assumed among republicans that president obama and democrats actually wanted to avoid it. that was the premise that any possible agreement had shown. that was the common goal, or so we thought. over the past couple of weeks it's become increasingly clear to many of us that we were simply wrong about that. incredibly, many top democrats, including the president, seemed perfectly happy -- perfectly happy -- to go off the cliff. that's why the president has been more interested in campaign rallies than actually negotiating a deal. and it explains why the president is now stubbornly insisting on raising tax rates when he himself said just last year that you could raise more revenue from capping deductions and closing loopholes. this isn't about the deficit for them or balance. it's about an ideological campaign that most americans thought would have ended on november 6, and that's also why the president sent secretary geithner up here last week with a proposal so completely ridiculous it wouldn't have passed the house, as i indicated earlier, if na
the so-called fiscal cliff, it was widely assumed among republicans that president obama and democrats actually wanted to avoid it. that was the premise that any possible agreement had shown. that was the common goal, or so we thought. over the past couple of weeks it's become increasingly clear to many of us that we were simply wrong about that. incredibly, many top democrats, including the president, seemed perfectly happy -- perfectly happy -- to go off the cliff. that's why the president...
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Nov 29, 2012
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the other we go over the fiscal cliff but without any clear path forward or plan. in my view, a really bad plan is worse than no plan. at the end of the last congress, where i was here as a member of the lame duck, we were prevailed upon, persuaded to vote for a two-year extension of the bush tax cuts. the price of that was -- had we not done that, unemployment insurance. where millions of americans would have ended. in the days up to that vote, i got painful personal calls visits from friends neighbors people i know from delaware who are unemployed, long-term unemployed would have gone off of unemployment insurance. right now, we're facing three million americans going off unemployment insurance by january. for example, one of many sort of unspoken about potentially very negative consequences if all of the current law is enacted. now, there are many in the senate democratic caucus, this is part of what you were referring to who are saying we should go over the cliff. let me be clear about why. we see time and time and time again the vast majority, 95% of republica
the other we go over the fiscal cliff but without any clear path forward or plan. in my view, a really bad plan is worse than no plan. at the end of the last congress, where i was here as a member of the lame duck, we were prevailed upon, persuaded to vote for a two-year extension of the bush tax cuts. the price of that was -- had we not done that, unemployment insurance. where millions of americans would have ended. in the days up to that vote, i got painful personal calls visits from friends...